Signing 3 year contract with Hindusthan Coca-Cola for approx Rs.750 crores to supply Mango Pulp.
Jain Irrigation Systems Ltd, (Code 500219 (BSE) & JISLJALEQS (NSE) Ordinary Equity Shares, 570004 (BSE) & JISLDVREQS (NSE) for DVR Equity Shares) has signed a 3 year Supply Contract for supply of Mango Pulp with Hindustan Coca-Cola Beverages Ltd (HCCBPL), who is the authorized & largest bottler for India, of The Coca- Cola Company, Atlanta. The contract is valued at Rs. 751 crores at current year’s supply prices. This is the third consecutive 3 years contract executed with Jains. Jain’s Food Division is a strategic supplier of Fruit Purees to HCCBPL.
As part of this partnership, Jain’s and HCCBPL are currently implementing project ‘Unnati’ a project to improve yields of farmers and build and sustainable supply chain using Ultra High Density Plantation Technology
About Jain Irrigation’s Fruit Processing Business:
Jain’s Fruit Processing Division is the largest processor of Mangoes in the world with one plant in Jalgaon and two plants in Chittoor. All the plants are compliant with Coca Cola Quality Systems and are certified for BRC, ISO 14001, OHSAS 18001, Halal and Kosher.
In addition, Jain supplies major quantities of Mango Pulp to franchisee owned bottling units of Coca-Cola across India and around the world. Both of these arrangements are a part of overall global relationship but separate from above mentioned contract. Jain also supplies to major multinational food companies including Unilever, Nestle, Etc.
About Jain Irrigation:
Our Company, Jain Irrigation Systems Limited (JAIN) with more than 10,000 associates worldwide and revenue of more than Billion Dollars, is an Indian multinational company with manufacturing plants in 29 locations across the globe. It is an integrated player in global food system and leads in manufacturing of Micro Irrigation Systems, Plastic Pipes & Products, Agro Processed Products, Renewable Energy solutions, Tissue Culture Plants, Financial Services and other agricultural inputs since last several decades. It has pioneered a revolution with modern irrigation systems and innovative technologies using cutting edge research and development in order to save precious water and to get significant increase in crop yields using global agronomical knowledge for millions of small as well as large farmers. It has also ushered in the new concept of large scale Integrated Irrigation Projects. “More Crop Per Drop” is company’s approach to water security and food security. JAIN is recognized by global institutions such as IFC (World Bank Group), Harvard Business School, G-20 etc. as leading practitioner of sustainable development and thought leader in new business model of “Creating Shared Value”. All the products and services of JAIN help create a sustainable future while fulfilling its vision ‘Leave this world better than you found it’.